Prefab backyard homebuilder Cover raises $60M

Los Angeles-based Cover has raised $60 million to help fuel its service that builds one- and two-unit prefab homes for homeowners to place on their properties. These types of properties, also known as accessory dwelling units, will play a critical role in adding affordable housing, and housing period, as communities look to diversify their housing stock, cities look to add infill and housing demand outstrips supply.